Travel + Leisure Co.

TNLNYSEConsumer Cyclical● Active

$72.00

+$0.30(+0.42%)

Market Cap$4.5B

P/E Ratio—

52W High$81

52W Low$47.61

Avg Volume839K

Open$71.19

Beta1.20

Free Cash Flow Financials Revenue

Travel + Leisure Co. (TNL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TNL · free cash flow · updated Jun 8, 2026

Core FCF metrics

TNL · FCF · TTM · margin & CAGR

Free cash flow was $523.0M for FY2025 (fiscal year ending 2025-12-31), up 36.6% year-over-year The FCF margin was 13.0%. Five-year CAGR stands at +11.4%.

FY2025 Free Cash Flow$523.0M▲ +36.6% YoY

Trailing 12M (TTM)$737.0Mtrailing 4 quarters sum

FCF Margin13.0%$523.0M ÷ revenue

3-Year CAGR+10.3%FY2022 → FY2025

5-Year CAGR+11.4%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

TNL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$640.0M(117M)$523.0M▲ +36.6%13.0%

FY2024$464.0M(81M)$383.0M▲ +38.8%9.9%

FY2023$350.0M(74M)$276.0M▼ 29.2%7.4%

FY2022$442.0M(52M)$390.0M▼ 23.7%10.9%

FY2021$568.0M(57M)$511.0M▲ +67.5%16.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

TNL · P/FCF · FCF yield · FCF per share

Travel + Leisure Co. (TNL) trades at a FCF yield of 16.36% and a price-to-free-cash-flow ratio of 6.4x. FCF per share stands at $11.23, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

16.36%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$11.23

TTM FCF ÷ Shares Outstanding

Price / FCF

x6.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x13.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

TNL · cash flow statement · operating / investing / financing

For FY2025, Travel + Leisure Co. generated $640.0M in operating cash flow and spent 117M in capital expenditures, yielding $523.0M in free cash flow.

Operating Activities

+$640.0M

Cash from core business operations

2025-12-31

Investing Activities

−$107.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$443.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($640.0M) − |CapEx| (117M) = FCF ($523.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

TNL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Travel + Leisure Co.YOU

TNL

$523.0M+36.6%13.0%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Travel + Leisure Co. (TNL) reported free cash flow of $523.0M for FY2025 (fiscal year ending 2025-12-31), up 36.6% year-over-year. The FCF margin was 13.0%.

Based on available data, Travel + Leisure Co. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $834.0M in FY2017. The 5-year CAGR stands at +11.4%.

Travel + Leisure Co.'s FCF yield is 16.36% and price-to-FCF ratio is 6.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

TNL free cash flow · 8 questions

Travel + Leisure Co. free cash flow was $523.0M for FY2025, up 36.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $737.0M.

TNL free cash flowTNL FCFTNL FCF 2025TNL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Travel + Leisure Co. · Travel + Leisure Co. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026